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Bitcoin Analysis
Bitcoin ‘death cross’ that pushed BTC price to $28.8K reappears
A technical sell signal is about to appear on the Bitcoin (BTC) daily chart.On Dec. 18, the BTC price will experience a death cross, a market indicator that occurs when a short-term moving average slips below a long-term moving average. In…
Trader who called 2017 Bitcoin price crash raises concerns over ‘double top’
Bitcoin (BTC) could be forming a so-called "double top" pattern after falling by over 30% from its record high of $69,000, suggests Peter Brandt, a veteran trader known for correctly calling the crypto market top in December 2017. The…
Long-term Bitcoin holders at multi-year high: Glassnode
The analytics provider reported that long-term BTC holders are reducing their spending, and adding to positions. 717 Total views 7 Total shares Glassnode’s latest weekly on-chain report indicated that long-term holders of Bitcoin…
Bitcoin price in classic ‘Bull Pennant’ breakout as BTC whales go on buying spree
Bitcoin (BTC) has the potential to rise toward $75,000 by the end of this year as it breaks out of a classic bullish pattern and picks additional upside cues from its richest investors' recent accumulation spree.Bitcoin Bull Pennant…
Bitcoin hodling rate reaches 9-month high, boosting hopes of ‘bull flag’ rally to $70K
A yearlong price rally in the Bitcoin (BTC) market and hopes for more upside moves in the future has prompted traders to hold the token instead of trading it for other assets, Glassnode data shows.The blockchain data analytics service…
Roughly 11,000 entities represent 55% of Bitcoin’s on-chain volume
The report also found that one-tenth of all Bitcoin miners control 90% of network hash rate. 1088 Total views 22 Total shares Researchers have found that roughly 11,000 entities are responsible for more than half of Bitcoin’s on-chain…
PayPal logs its largest Bitcoin volume since May BTC price crash
The world's leading payment services provider processed $145.60 million worth of Bitcoin trades on the day BTC rallied to its record high of $67,000. 1728 Total views 25 Total shares Bitcoin (BTC) trading volumes on global payment…
Next Bitcoin price crash will be ‘shallower’ than 80%, says Pantera Capital CEO
Bitcoin (BTC) market's tendency to crash by over 80% after logging strong bull runs might come to an end.That is according to a new report published by California-based hedge fund Pantera Capital. In detail, the report notes that the recent…
CME Bitcoin futures open interest hits 8-month high, greater than when BTC price was at $65K
Open interest (OI) for Bitcoin (BTC) Futures trading on the Chicago Mercantile Exchange (CME) inched toward a new record high Thursday as BTC reclaimed its five-month high of $58,550 on BitStamp.The total number of outstanding derivatives…
Elon Musk’s Tesla is already $1 billion in profit from holding Bitcoin
Tesla's (TSLA) bold foray into the Bitcoin (BTC) market has been paying off in 2021 as BTC price rallies in October to hit over $58,000 on Oct.14.Tesla currently holds roughly 43,200 BTC, worth roughly $2.5 billion at today's prices,…
